A potential 80MW acquisition - plus Gore Street Energy Storage Fund's 1.3GW development pipeline - is to be funded by the net proceeds of the company's latest £135 million fundraise.
Gore Street Energy Storage Fund has raised gross proceeds of £60 million from an initial placing, offer for subscription and intermediaries offer.
Gresham House Energy Storage Fund has raised £120 million to finance six new energy storage projects.
Gresham House Energy Storage Fund has raised £31.2 million in an oversubscribed share placing, with funds to go towards a potential acquisition.
Social Energy is closing in on raising up to £50 million in new finance, after more than 20 companies expressed an interest in helping support the energy tech firm’s expansion.